Okla. Stat. tit. 52 § 549.11

Current through Laws 2024, c. 453.

Section 549.11 - Rights of operator

This act does not impair an operator's right to be paid, set-off or withhold funds from another interest owner as security for or in satisfaction of any debt or security interest. In case of a dispute between an operator and another interest owner, a good-faith tender of funds by anyone operates as a tender of the funds to both in any of the following circumstances:

1. To the person who the operator and other interest owner jointly direct the first purchaser in writing to pay;

2. To a person who otherwise shows himself or herself to be the one entitled to the funds; or

3. To a court of competent jurisdiction in the event of litigation or bankruptcy.

Okla. Stat. tit. 52, § 549.11

Added by Laws 2010 , SB 1615, c. 142, §11, emerg. eff. 4/19/2010.